DUPAGE COUNTY. THE PROVEN AND PREMIER GLOBAL BUSINESS LOCATION.
2014 ANNUAL REPORT
DUPAGE COUNTY. HEARTBEAT OF THE MIDWEST.
速
1 | ABOUT CHOOSE DUPAGE
LETTER FROM THE CHAIRMAN
OUR MOMENTUM
BUILDI As the driving force for economic development, Choose DuPage has consistently played a critical role in shaping the County’s future. You will see throughout this report that Choose DuPage is not only one of the most outstanding economic development organizations in the region, but in the nation as well. Geographically desirable, with a highly skilled labor force, DuPage County has experienced unprecedented growth over the past 20 years. Choose DuPage was created to leverage this growth and continue its upward momentum for the benefit of businesses, the community, and residents. Choose DuPage is dedicated to establishing DuPage County as a premier global business location by working to expand and diversify the region’s economy. We accomplish this through actions that stimulate business investment in our communities and generate desirable job opportunities.
Our goals are simple and yet fundamental to the County’s continued success. Each day Choose DuPage endeavors to: SUPPORT LOCAL MUNICIPAL ECONOMIC DEVELOPMENT INITIATIVES GROW, RETAIN, AND ATTRACT BUSINESSES ADDRESS POLICY ISSUES CRITICAL TO THE NEEDS OF BUSINESS
How we go about achieving these goals are detailed in the articles, graphs and success stories you will find throughout this report. I believe you will enjoy what you learn and come away with an even better picture of what Choose DuPage and DuPage County is accomplishing. Sincerely,
ROBERT HUTCHINSON PRESIDENT, GLEN ELLYN BANK & TRUST, A WINTRUST COMMUNITY BANK
M KEEPS
ING
UR
ON AL
MY
Regional collaboration was Choose DuPage’s 2014 theme. We worked with counties across Illinois on several important economic development initiatives to provide an environment of economic innovation and growth. These efforts were further supported by the federal government with the formation of Investing in Manufacturing Communities Partnership (IMCP) by the U.S. Department of Commerce. This partnership is part of a federal effort to encourage job creation and accelerate manufacturing growth in designated “manufacturing communities” throughout the nation. DuPage County was selected as one of 12 communities, from the 70 that applied, for this designation. The designation provides access to $1.3 billion in federal grants aimed at attracting and expanding private investment in the manufacturing sector, as well as increase international trade and exports. The IMPC designation was integral to the formation of other initiatives whose mission is to promote growth and economic success in the region. They include: Chicago Metro Metals Consortium, Metro-Chicago Exports and Career Connect Metro West. In addition, the Chicago Regional Truck Permitting Plan and Foreign Direct Investment initiatives were launched to boost the efficiency and prosperity of the region. Through these regional and collaborative efforts, we hope to expand and diversify the economy by supporting actions and initiatives that stimulate business growth. Regionalism is the future of economic development, and we look forward to continuing our work establishing the region as a premier global business location. For additional information on these resources and programs, please visit choosedupage.com or contact me at (630) 955-2089.
GREG BEDALOV PRESIDENT & CEO CHOOSE DUPAGE
5 | ABOUT CHOOSE DUPAGE
BOARD OF DIRECTORS
By Vince Allegra and Chris Pohlman, Mesirow Financial, Choose DuPage Board Members
Established in 2005 as a public/private partnership, Choose DuPage plays an important role in the success of the economy by attracting and retaining businesses in DuPage County. Choose DuPage is governed by a board of directors, comprised of diverse leaders representing centers of influence in the public and private sectors of DuPage County. Shifts in the economy have made it incumbent on local leaders to formulate a long-term action plan for prosperity in the region. Choose DuPage is the vehicle for that plan. Today, nearly 50 companies are making the commitment to further Choose DuPage’s mission by being a member of the board of directors. To learn more about supporting the mission and vision of Choose DuPage, including becoming a member of the board, contact Greg Bedalov, President & CEO at (630) 955-2089. BOARD MEMBERSHIP MEANS A COMMITMENT TO GROWING OUR ECONOMY. THE BENEFITS OF A STRONG AND DIVERSE ECONOMY WILL POSITIVELY AFFECT ALL BUSINESSES AND RESIDENTS OF DUPAGE COUNTY.
7 | ABOUT CHOOSE DUPAGE
SERVICES AND SUPPORT
CHOOSE DUPAGE AT A GLANCE Choose DuPage’s mission is to strengthen, evolve and diversify the economy by supporting actions and initiatives that stimulate business growth. To further this goal, Choose DuPage provides services, resources and expertise including:
Business attraction Economic development and advisory services Economic impact studies Economic indicator reports Market reports Marketing programs Property listings Site selection
STAFF
GREG BEDALOV
STAFF
PRESIDENT & CEO (630) 955-2089 | gbedalov@choosedupage.com
As President & CEO of Choose DuPage, Greg Bedalov leads economic development efforts in DuPage County. Before joining Choose DuPage, Greg gained local economic development experience as the President of the Downers Grove Economic Development Corporation. Prior to that, he was the director of global business development and North American sales and marketing for Pulsafeeder. Bedalov sits on numerous boards and committees including the DuPage Workforce Development Board, the DuPage County Convention and Visitors Bureau, the Midwestern University Advisory Board for the College of Dentistry, Citizens for American Manufacturing, Chicago MetroMetals Consortium, and the Chicagoland Metro Export Initiative.
MEGAN BUNCIO
BRYAN GAY
OFFICE MANAGER (630) 955-2095 | mbuncio@choosedupage.com As Office Manager of Choose DuPage, Megan Buncio actively assists in economic development efforts, board relations and finance. Megan has been with Choose DuPage since 2006, and plays an important role providing administrative support and managing office operations.
ECONOMIC DEVELOPMENT DIRECTOR (630) 955-2093 | bryang@choosedupage.com With a significant background in economic development, Bryan Gay serves as the Economic Development Director for Choose DuPage. In this role, Bryan works with the DuPage County municipalities, real estate brokers, site selectors and the business community to further economic development activities in the region. Bryan has been with Choose DuPage since 2009, and is a graduate of Drake University and the University of Oklahoma’s Economic Development Institute.
LISA MICELI
NICHOLAS ZITO
BUSINESS SERVICES MANAGER (630) 955-2090 | lmiceli@choosedupage.com Lisa Miceli joined Choose DuPage in 2013 as a Business Services Manager. In this role, Lisa’s responsibility is to develop business insights on DuPage County’s economy by monitoring data and trends. Lisa graduated from Ohio University, and received a Master’s Degree in Urban Planning and Policy from the University of Illinois at Chicago.
BUSINESS SERVICES DIRECTOR (630) 955-2087 | nzito@choosedupage.com Nicholas Zito joined Choose DuPage in 2013 as the Business Services Director. With a strong entrepreneurial spirit, Nicholas played an integral role in the creation of Rev3 Innovation Center. He also serves as an authority on business issues within DuPage County, and works to aid in DuPage County’s economic development. Nicholas graduated from the University of Illinois at Urbana-Champaign.
FUNDING SOURCES
EXPENSES BREAKDOWN
$1,200,000 $1,000,000 $800,000 $600,000
33.5% 56%
$400,000
52%
50%
54%
59%
55%
66.5%
44%
40%
48%
50%
46%
41%
45%
Programs, Marketing, Business Development
29%
2007
2008
2009
2010
2011
2012
2013
2014
Non-Personnel Operating
17%
Personnel
54%
$200,000 $0
60%
Private Contributions
Public Contributions
9 | ABOUT DUPAGE COUNTY
BUSINESS CLIMATE
OUR BUSINESS C CONTINUES TO
HEATU Written by: Dan Cronin, Chairman, DuPage County Board
By nearly any measure, DuPage County’s economy is thriving. Home to nearly 40,000 businesses and 700,000 jobs, DuPage County is a formidable economic force in the region. While there are a multitude of factors responsible for this success, there are a few things that set us apart. DuPage has a diverse local economy with major employers consisting of the technology, manufacturing, retail, warehousing and logistics, and healthcare industries. This diversity extends to the County’s vast supply of knowledge-based institutions including two national laboratories, Argonne National Laboratory and Fermi National Accelerator Laboratory. We have the perfect location to meet the needs of both national and global clients with our close proximity to O’Hare and Midway International Airports. The DuPage Airport in West Chicago also accommodates corporate international travel. Additionally, the County is located at the transportation crossroads of the nation, with the four major interstates (I-355, I-88, I-55, and I-290) and an extensive rail freight system (Chicago is the nation’s rail hub) servicing the region. Our flexible, business-friendly environment understands that businesses only invest in locations that make economic sense. Therefore, DuPage County has chosen to keep commercial property taxes low.
Ranked first in the State of Illinois in educational attainment, DuPage offers its businesses a highly skilled and educated workforce. Within DuPage County, 45% of persons over 25 have a Bachelor’s degree or higher, and 91% of residents over 25 have a high school degree or higher. Business and development is on the rise. In 2014 we welcomed many new businesses to DuPage County, and broke ground on a number of new developments. Just two years ago development began on Union Point Business Park in Woodridge. Once an empty piece of land, today the site is home to close to one million square-feet of warehouse and distribution facilities on the rise.
CLIMATE
UP
11 | ABOUT DUPAGE COUNTY
QUALITY OF LIFE
A
GREAT PLACE TO
LIVE AND
GROW By Dan Cronin, DuPage County Board Chairman
DuPage County continues to be one of the fastest growing regions in the Midwest with over 350,000 households and nearly 1 million residents. This popularity can be attributed to the County’s emphasis on education, culture, and environmental preservation. DuPage County is a growing region that continues to prosper. We have the second largest population among all counties in the State of Illinois. The County is home to more than 900,000 people living in 39 municipalities, and boasts a home ownership rate of more than 70%. We are home to 19 accredited colleges and universities serving the higher education needs of County residents and employers. Consistently ranked among the best schools in the nation, the County’s 43 public school districts regularly win School Search and Bright Red Apple awards. DuPage County offers a wealth of opportunities to experience arts and culture. Exceptional dramatic and musical performances take the stage at Oakbrook Terrace’s Drury Lane Dinner Theatre, Pheasant Run Dinner Theater in St. Charles, and Wentz Concert Hall on the North Central College Campus in Naperville. The Harold D. McAninch Arts Center, on the campus of the College of DuPage in Glen Ellyn, draws nationally recognized performers in music, dance, and drama. Families can find a wealth of fascinating activities for kids of all ages at the DuPage Children’s Museum, also in Naperville. For lovers of architecture, Elmhurst is home to one of only three homes in the nation designed by Ludwig Mies van der Rohe. The town also has the Lizzardo Museum of Lapidary Art, which features the art of cutting and polishing stone. Another architectural landmark is the BAPS Shri Swaminarayan Mandir, located in the Village of Bartlett. This temple is this largest traditional Hindu Mandir of stone and marble to be constructed in the United States. We are committed to preserving parks & forests for future generations. Created in 1915, the Forest Preserve District of DuPage County was the second forest preservation district to be established in Illinois and among the first in the United States. These early preservation efforts are why today’s residents and visitors can enjoy the open space, treelined streets, and lush wooded areas that characterize the County’s landscape. One of the County’s prized natural amenities is the Illinois Prairie Path. Used for cycling and hiking, this national recreational trail runs for 55 miles through DuPage and surrounding counties.
13 | ABOUT DUPAGE COUNTY
FACTS & FIGURES
TOP 15 PUBLICLY-HELD COMPANIES IN DUPAGE BY REVENUE C O M PA N Y LO CATIO N WORKFORCE
McDonald’s Corp.
Oak Brook
440,000
Navistar International Corp. Lisle
14,800
Dover Corporation
Downers Grove
37,000
HUB Group, Inc.
Oak Brook
Arthur J. Gallagher & Co. Itasca
T O TA L DUPAGE COUNTY P O P U L AT I O N
932,126
1,982 16,336
Treehouse Foods, Inc.
Oak Brook
4,786
AAR Corp
Wood Dale
6,300
DeVry Education Group
Downers Grove
12,668
White
82.1%
Suncoke Energy Inc. Lisle
1,344
African American
A.M. Castle & Co.
Oak Brook
1,624
Asian
11.3%
Federal Signal Corp.
Oak Brook
2,550
Other
3.7%
Great Lakes Dredge and Dock
Oak Brook
1,440
FTD COS.
Downers Grove
Retail Properties of America Inc. Oak Brook First Midwest Bancorp
Itasca
941 255 1,647
SOURCE: CRAIN’S CHICAGO BUSINESS, 2015 BOOK OF LISTS
TOP 15 PRIVATELY-HELD COMPANIES IN DUPAGE BY REVENUE C O M PA N Y LO CATIO N WORKFORCE
Havi Group LP
Downers Grove
1,200
Eby-Brown Co. LLC Naperville 600 Ace Hardware Corp.
Oak Brook
864
Inland Real Estate Group of Cos. Oak Brook
960
McMaster-Carr Supply Co. Elmhurst
NA
Boler Co.
Itasca 150
Hearthside Food Solutions LLC
Downers Grove
400
Duchossois Group, Inc. Elmhurst
750
Ferrara Candy Co.
Oakbrook Terrace
700
Filtration Group Corp.
Downers Grove
372
Elkay Manufacturing Co.
Oak Brook
375
Edward Don & Co. Woodridge 559 Wilton Brands LLC Woodridge 740 Readerlink LLC
Oak Brook
NA
Graycor
Oakbrook Terrace
250
SOURCE: CRAIN’S CHICAGO BUSINESS, 2015 BOOK OF LISTS
5.4%
Hispanic or Latino
13.5%
Not Hispanic or Latino
86.5%
SOURCE: U.S. CENSUS BUREAU 2013 AMERICAN COMMUNITY SURVEY
15 | ABOUT DUPAGE COUNTY
FACTS & FIGURES
DUPAGE COUNTY
POPULATION
GROWTH 1990 2000 2010 2013 781,666
SOURCE: U.S. CENSUS BUREAU 2013 AMERICAN COMMUNITY SURVEY
904,161 916,924 932,126*
*estimated
EDUCATIONAL
ATTAINMENT POPULATION 25 YEARS & OLDER
EMPLOYMENT
H.S. Graduate
19.4%
Some College (no degree)
19.7%
Associates Degree
6.8%
Bachelor’s Degree
28.5%
H.S. Graduate or Higher
92.1%
Bachelor’s Degree or Higher
46.3%
SOURCE: U.S. CENSUS BUREAU 2013 AMERICAN COMMUNITY SURVEY
Number of Jobs in DuPage County
598,561
Labor Force
515,781 4.2%
Unemployment Rate Number of Businesses Median Household Income
37,939 $78,487
SOURCE: U.S. CENSUS BUREAU 2013 AMERICAN C O M M U N I T Y S U R V E Y, E M S I
FORTUNE
500 COMPANIES C OMPANY
C ITY
McDonald’s Corp.
Oak Brook
Navistar International Corp.
Lisle
Dover Corp.
Downers Grove
SOURCE: FORTUNE MAGAZINE
17 | ABOUT DUPAGE COUNTY
MUNICIPALITIES AND LEADERSHIP
DUPAGE COUNTY MUNICIPALITIES Addison (630) 543-4100 www.addisonadvantage.org Population 37,385
Darien (630) 852-5000 www.darien.il.us Population 22,360
Naperville (630) 420-6111 www.naperville.il.us Population 144,864
Wayne (630) 584-3090 www.villageofwayne.org Population 1,032
Aurora (630) 256-4636 www.aurora-il.org Population 199,963
Downers Grove (630) 434-5500 www.downers.us Population 49,670
Naperville Development Partnership (630) 305-7701 www.naper.org
West Chicago (630) 293-2200 www.westchicago.org Population 27,554
Seize Aurora (630) 256-3160 www.investinaurora.org
Downers Grove Economic Development Corporation (630) 729-0380 www.dgedc.com
Oak Brook (630) 368-5000 www.oak-brook.org Population 8,041
Westmont (630) 981-6200 www.westmont.il.gov Population 24,974
Elk Grove Village (847) 439-3900 www.elkgrove.com Population 33,419
Greater Oakbrook Economic Development Partnership (773) 633-3484
Bartlett (630) 837-0800 www.village.bartlett.il.us Population 41,679 Batavia (630) 454-2000 www.cityofbatavia.net Population 26,394 Bensenville (630) 766-8200 www.bensenville.il.us Population 18,535 Bloomingdale (630) 893-7000 www.villageofbloomingdale.org Population 22,346 Bolingbrook (630) 226-8400 www.bolingbrook.com Population 73,936 Burr Ridge (630) 654-8181 www.burr-ridge.gov Population 10,749 Carol Stream (630) 665-7050 www.carolstream.org Population 40,379 Chicago (312) 744-5000 www.cityofchicago.org Population 2,718,782 Clarendon Hills (630) 286-5400 www.clarendonhills.us Population 8,634
Hinsdale (630) 789-7000 www.villageofhinsdale.org Population 17,261
Wheaton (630) 260-2000 www.wheaton.il.us www.greateroakbrookpartnership.com Population 53,648 Oakbrook Terrace Willowbrook (630) 941-8300 (630) 323-8215 www.oakbrookterrace.net www.willowbrookil.org Population 2,134 Population 8,649 Roselle Winfield (630) 980-2000 (630) 933-7100 www.roselle.il.us www.villageofwinfield.com Population 23,026 Population 9,492 Schaumburg Wood Dale (847) 895-4500 (630) 766-4900 www.ci.schaumburg.il.us www.wooddale.com Population 74,907 Population 13,969 St. Charles Woodridge (630) 377-4400 (630) 852-7000 www.stcharlesil.gov www.vil.woodridge.il.us Population 33,264 Population 33,408 Villa Park (630) 834-8500 www.invillapark.com Population 22,093
Itasca (630) 773-0835 www.itasca.com Population 8,811
Warrenville (630) 393-9427 www.warrenville.il.us Population 13,358
Elmhurst (630) 530-3000 www.elmhurst.org Population 45,556 Glen Ellyn (630) 469-5000 www.glenellyn.org Population 27,761 Glendale Heights (630) 260-6000 www.glendaleheights.org Population 34,620 Hanover Park (630) 823-5600 www.hanoverparkillinois.org Population 38,510
Lemont (630) 257-1550 www.lemont.il.us Population 16,517 Lisle (630) 271-4100 www.villageoflisle.org Population 22,757 Lombard (630) 620-5700 www.villageoflombard.org Population 43,907
SOURCE: SOURCE: US CENSUS BUREAU, Q U I C K F A C T S E S I M AT E 2 0 1 3
DUPAGE COUNTY BOARD MEMBERS DISTRICT 1
DISTRICT 4
Paul Fichtner
Grant Eckhoff
Donald Puchalski
Amy Grant
Sam Tornatore
Karyn Romano
DISTRICT 2
DISTRICT 5
Elizabeth Chaplin
James Healy
Peter “Pete” DiCianni
Tonia Khouri
Sean Noonan
Tony Michelassi
DISTRICT 3
DISTRICT 6
John Curran
Robert Larsen
Gary Grasso
Kevin Wiley
Brian Krajewski
James Zay
19 | EVENTS, PROGRAMS, MARKETING
DUPAGE COUNTY BUSINESS FORUM
DUPAGE COUNTY
BUSINESS FORUM By John Cook President CBIZ Benefits & Insurance Services and Mark J. McAndrew, Attorney at Rathje & Woodward, LLC
MEETING OF THE MINDS This year’s annual DuPage County Business Forum was hosted by Choose DuPage with CBIZ and Rathje & Woodward, LLC. Held at the Medinah Country Club in Medinah, Illinois on November 19, 2014, the event once again brought together DuPage’s business owners and decision-makers in to discuss important business issues and trends.
ATTENDEES BY INDUSTRY Government
19%
Finance
18%
Real Estate
11%
Consulting
9%
Not-for-Profit Organizations
9%
Legal Services
8%
Construction
4%
Information Technology
4%
Marketing
3%
Other
15%
REGIONAL BUSINESS OUTLOOK
6TH ANNUAL
DUPAGE
COUNTY
REGIONAL BUSINESS OUTLOOK By Robert J. Schillerstrom, Partner at Ice Miller, LLP www.icemiller.com
READING THE SIGNS On May 6, Choose DuPage, along with Ice Miller LLP and Mesirow Financial, hosted the 5th annual DuPage County Regional Business Outlook at Drury Lane in Oak Brook. This year’s Outlook drew nearly 700 local business owners, government leaders and members of DuPage County’s business community to hear insights on current regional, national and global economic conditions.
ATTENDEES BY INDUSTRY Professional Services
30%
Financial Institutions
23%
Not-for-Profit Organizations
21%
Real Estate
9%
Healthcare
3%
Manufacturing
3%
Other
11%
21 | MARKETING
YEAR IN REVIEW
2014 MARKETING YEAR IN REVIEW
D OVEN AN . THE PR COUNTY DUPAGE
. CATION NESS LO AL BUSI R GLOB PREMIE
N. BUSINESS LOCATIO PREMIER GLOBAL . THE PROVEN AND DUPAGE COUNTY
AL NATUR CE R RESOU ident of
GLOBAL BUSINES S LOCATION.
GAME CHANGER LOCAL TREASURE
st n, Pres a Wintru tchinso Bob Hu Bank & Trust, to help lyn red Glen El nk, aspi Ba ity diverse Commun e dreams of a th d its finance unity an s comm sidents. busines l re eneuria entrepr age.
d He foun
DUPAGE COUNTY . THE PROVEN AND PREMIER
r Vice President Diana Riekse, Senio her clients at CBRE, knows why businesses choose to locate their workforce, ated educ the here— e location with prim and life, of quality national airports. access to two inter
it in DuP
Ray Kinney, successfu l local entrepreneur, chos e to locate his companies in DuPa ge for its easy access to transporta tion, great quality of life for famil ies, best talent in the regio and the n.
He found it all in DuPage.
DuPage. They found it in
T. MIDWES OF THE RTBEAT TY. HEA E COUN G PA DU
®
DUPAGE COUNTY. HEARTBEAT OF THE MIDWEST.
®
MIDWEST. HEARTBEAT OF THE DUPAGE COUNTY.
Choose DuPage’s brand continued to evolve in 2014. To further the notion of DuPage County being the premier global business location, the advertising featured renowned business executives who have chosen DuPage County. Through an integrated marketing plan that featured these executives, Choose DuPage targeted site selectors, real estate brokers, business executives and decision-makers. The plan reached an audience nationally, regionally, and locally across multiple marketing mediums, including: PRINT ADVERTISING | BILLBOARDS | ONLINE ADVERTISING | TRADESHOWS EVENTS | E-NEWSLETTER | BLOG | SOCIAL MEDIA | VIDEO MARKETING
N. EMIER GLOBAL BUSINESS LOCATIO PR D AN EN OV PR E TH TY. UN CO DUPAGE
BUSINESS MAGNET Jeff Swallow, Chairman & CEO of Magnetrol, was drawn to an organization operating in a business-friendly environment that could offer an excellent quality of life.
He found it in DuPage.
E MIDWEST. DUPAGE COUNTY. HEARTBEAT OF TH
速
23 | MARKETING
YEAR IN REVIEW
2014 RESULTS ONLINE WWW.CHOOSEDUPAGE.COM Choose DuPage’s digital presence was an overwhelming success with huge gains in visits to the website.
WEBSITE STATISTICS
72,705 VISITS
TOP PAGES VISITED
93,421 PAGE VIEWS
• • • • • • • • • •
UP 435% UP 241%
HOME PAGE WESTERN ACCESS MAJOR EMPLOYERS STAFF BOARD OF DIRECTORS UPCOMING EVENTS CONTACT US ABOUT CHOOSE DUPAGE THE DUPAGE DIFFERENCE MUNICIPALITIES
CHOOSE DUPAGE E-NEWSLETTER Choose DuPage’s monthly e-newsletter subscribers grew by nearly 12% in 2014, bringing the total recipients to nearly 2,800 individuals. Featured in the monthly newsletter are articles about economic development activities from each of the communities, individual spotlights on businesses relocating or expanding in DuPage County, the latest industry news, and features on board members.
MEDIA & PRODUCTION MEDIA Media placement included digital and print ads in local and national outlets such as: Crain’s Chicago Business, Business Expansion Journal, Business Facilities Magazine, Illinois Real Estate Journal, Midwest Real Estate Journal, Shopping Center Business, and Site Selection Magazine.
DIGITAL MEDIA Choose DuPage also expanded its online presence to include display advertising with the following publications: Site Selection, Search Marketing, Shopping Center Business E-newsletter, Crain’s Chicago Business, Illinois Real Estate Journal, DECO Website, Naperville Area Chamber of Commerce, Downers Grove Area Chamber of Commerce & Industry. In addition, we utilized social media advertising, as well as search and re-marketing campaigns.
VIDEO PRODUCTION Choose DuPage produces a quarterly video featuring the economic indicators. This important resource tracks unemployment rates, workforce information, vacancy rates, and more.
SOCIAL MEDIA Visit us on Facebook, LinkedIn and Twitter for the latest news and events.
772 followers annual 213,022 impressions 341followers annual 65,083 impressions 1,497 followers 613 tweets
25 | BUSINESS ATTRACTION & RETENTION
BUSINESS
In 2014, 118 total projects took place in DuPage County. Projects are defined by the following criteria: $1 million investment, 20,000 SF, or 50 jobs. This places DuPage County 2nd in the region in terms of total projects as shown on the following page.
& RETENTION
Last year, Choose DuPage released a comprehensive Cluster Study, which outlines industries with growth and opportunity, as well as identifies maturing clusters in the County. At the time the study was released, we did not recognize that manufacturing - the backbone of the Midwest - was a maturing cluster.
ATTRACTION
2014
Determined to make manufacturing once again an emerging or growing cluster, Choose DuPage along with the County, supported several initiatives to support manufacturing in our region. We are pleased to report that at the top of our scorecard is manufacturing. That growing industry represented more projects in DuPage County than any other in 2014 with 29 total projects.
YEAR IN REVIEW
Choose DuPage had direct involvement in, and ushered across the finish line, several projects that ultimately represented 1,500 jobs, 1,168,000 square feet of development, and $120 million in invested dollars.
CRITERIA FOR NEW PROJECTS MINIMUM $1,000,000 INVESTMENT
MINIMUM 50 NEW JOBS
HEADQUARTERS FACILITY
CHOOSE DUPAGE INVOLVEMENT
MINIMUM 20,000 SQUARE FEET EXPANSION
REGIONAL
BY THE NUMBERS
DuPage ranked 2nd in the region in terms of new projects in 2014. Regional Totals
Kenosha (11)
657 projects
McHenry (5)
Lake (30)
38,893 jobs 6.8B investment
$
Kane (34) DeKalb (1)
DuPage (118) Cook (385)
Kendall (1) Porter (6)
Will (48) Lake (13) Grundy (4)
SOURCE: WORLD BUSINESS CHICAGO
Refers to data (where disclosed) for new and expanding companies with a physical address in the 14-county Chicago region that meet at least one of these criteria: $1M investment, net gain of 20,000 sq ft, net gain of 20 FTE jobs, headquarters facility, and/or WBC involvement in expansion. WBC captures project information from media outlets, press releases, company websites, subscription services and WBC internal reporting; the quality of each record depends on the availability of data and resources to input and confirm information. Data is finalized in the first quarter of the following year to allow for the time lag in project reporting; year-to-date numbers are subject to revision and addition of projects.
Newton (0)
Jasper (1)
27 | BUSINESS ATTRACTION & RETENTION
SUCCESS STORY
STORY OF SUCCESS SKF SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services including technical support, maintenance and reliability services, and engineering consulting and training. SKF is represented in more than 130 countries and has approximately 15,000 distributor locations worldwide. As part of their strategy, SKF is committed to having Global Technical Centers near important customers to focus on market specific product innovations. In 2014, SKF selected Naperville as the location for their Global Technical Center Americas, joining two centers recently opened in China and India, and two centers under construction in Sweden and Holland. Naperville was chosen for the research and development center in part for its central, Midwest location – near an existing technical center in Plymouth, Michigan. The region’s highly educated workforce, proximity to local world class research universities, dedication to entrepreneurship, and competitive cost structure were also cited as reasons for the location decision. The first phase of SKF’s plan, which is estimated to take four years to complete, includes a $30 million investment and employment of approximately 80 engineers. Eventually, the facility may house up to 200 employees. Construction began in Fall 2014, with operations expected to begin by the end of 2015.
“
This newest center will strengthen our global network of technical centers that support each of our key regions. The Naperville R&D center will help drive our growth ambitions for the US market.
”
– Tom Johnstone, SKF President and CEO
PROJECTS BY INDUSTRY
PROJECTS BY
INDUSTRY Business Services
Manufacturing
Retail
new and retained jobs
new and retained jobs
new and retained jobs
Region 102 projects DuPage 15 projects
Region 127 projects DuPage 29 projects
Region 74 projects DuPage 14 projects
Insurance
Warehousing & Distribution
Finance
11,590
2,771 new and retained jobs
Region 9 projects DuPage 1 projects
Information, Digital & Media
2,406 new and retained jobs
Region 28 projects DuPage 5 projects
Bio Technology & Pharmaceutical
646
new and retained jobs
Region 5 projects DuPage 1 projects
7,929
2,625 new and retained jobs
Region 65 projects DuPage 22 projects
3,026
2,621 new and retained jobs
Region 23 projects DuPage 1 projects
Transportation
Healthcare
new and retained jobs
new and retained jobs
Region 20 projects DuPage 5 projects
Region 25 projects DuPage 5 projects
Tele-Communications
Green & Sustainable
new and retained jobs
new and retained jobs
Region 12 projects DuPage 3 projects
Region 5 projects DuPage 0 projects
1,895
258
1,086
255
29 | BUSINESS ATTRACTION & RETENTION
PROJECT HIGHLIGHTS
CHOOSE PROJECT HI 110,000
HOUGHTON MIFFLIN HARCOURT
Square Feet
340
National text book publisher moved from their offices in Schaumburg to One Pierce Place in Itasca.
Jobs
185,000 Square Feet
100
Jobs
UNIVERSAL TECHNICAL INSTITUTE Vocational auto repair school opened a campus in Lisle.
DUPAGE IGHLIGHTS FLEXERA SOFTWARE Next-generation software licensing, compliance and installation company moved to Itasca.
77,000 Square Feet
300 Jobs
FRESH THYME FARMERS MARKET Natural grocer chain moved their headquarters to Downers Grove.
40,000 Square Feet
100 Jobs
31 | DUPAGE COUNTY
PERFORMANCE INDICATORS
UNEMPLOYMENT RATE
10.0%
9.0%
ONE OF THE
LOWEST
UNEMPLOYMENT RATES IN THE STATE AND THE LOWEST IN THE REGION.
Unemployment Rate Unemployment Rate
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
2006
2007
2008
2009
2010
2011
2012
2013
2014
Year
SALES TAX RECEIPTS
CONTINUE TO CLIMB,
$1.2
Billions of Dollars Receipts in Billions
SALES TAX RECEIPTS
$1.4
AND HAVE SURPASSED PRE-RECESSION NUMBERS.
$1.0
$0.8
$0.6
$0.4
$0.2
$0
2006
2007
2008
2009
2010
2011
2012
2013
2014
Year
38,000
COVERED ESTABLISHMENTS
36,000
34,000
NUMBER OF NEW BUSINESSES
CONTINUES TO GROW REACHING NEARLY 40,000 IN 2014.
Number of of Businesses Businesses Number
32,000
30,000
28,000
26,000
24,000
22,000
20,000
2006
2007
2008
2009
2010 Year
2011
2012
2013
2014
PRIVATE SECTOR EMPLOYMENT
600,000
580,000
560,000
540,000
520,000
Jobs Jobs
DUPAGE COUNTY HAS SEEN SIGNIFICANT GROWTH IN THE NUMBER OF JOBS IN RECENT YEARS.
500,000
480,000
NEARLY
460,000
700,000 JOBS
440,000
420,000
400,000
2006
2007
2008
2009
2010
2011
2012
2013
2014
Year
14.0%
INDUSTRIAL VACANCY RATES
13.0% 12.0% 11.0%
Vacancy Rate Vacancy Rate
10.0%
DUPAGE COUNTY HAS HAD THE
9.0%
LOWEST
8.0%
INDUSTRIAL VACANCY RATE IN THE REGION FOR THE LAST TWO CONSECUTIVE YEARS.
7.0% 6.0% 5.0% 4.0%
2006
2007
2008
2009
2010
2011
2012
2013
2014
Year
CLASS A OFFICE VACANCY RATES
26.0%
24.0%
22.0%
20.0%
DUPAGE COUNTY ENDED 2014 STRONG WITH
VacancyRate Rate Vacancy
18.0%
1.1 MILLION
16.0%
14.0%
SQUARE FEET OF OFFICE SPACE BEING ABSORBED IN THE LAST QUARTER ALONE.
12.0%
10.0%
8.0%
2006
2007
2008
2009
2010 Year
2011
2012
2013
2014
33 | WESTERN ACCESS O’HARE
PROJECT UPDATE
SQUARE MILES OF UNTAPPED POTENTIAL. TM
THE ROAD AHEAD IS FULL OF PROMISE Written by: Diana Riekse, CBRE and Mark Moran, NAI Hiffman
The Western Access O’Hare project will provide 127 square miles of untapped opportunity that will pave the way for a modern and diverse economic base that will transform the region.
THE WORK HAS ALREADY BEGUN. With roadway improvements kicking off in early 2014, the Western Access O’Hare project has already begun. The initial phase incorporates infrastructure improvements including everything from roadway interchanges all the way to bridge construction. As these pieces are put into place, these new arteries will expedite commerce through the towns, cities and villages along this corridor.
INITIAL PHASE IMPROVEMENTS
The western end of the new Illinois Route 390 (formerly known as the Elgin O’Hare Expressway) between Lake Street (U.S. Route 20) and Rohlwing Road. This work will be completed in 2015.
The new I-290 Interchange on Illinois Route 390 and at Elmhurst Road on I-90. The new Rohlwing Road Bridge on Illinois Route 390, with anticipated completion in 2015. The eastern segment of Illinois Route 390 from Rohlwing Road to Illinois Route 83.
CHICAGO’S WESTERN SUBURBS ARE AN ECONOMY ON THE RISE. Beyond the commercial benefits of the project, the mass influx of development will completely transform the economy of the region. Project construction and permanent job creation, local tax revenue generation, and travel cost savings will make a both short and long-term economic impact. So when Western Access O’Hare comes online, its set to provide unprecedented economic benefits throughout the region.
POTENTIAL PROJECT BENEFITS Potential to create 65,000 jobs by 2040 Local tax revenues are expected to increase by $29 million annually (based on a 2010 projection) 13,450 jobs will be created annually in the region during construction phase Significant reduction in travel delays
35 | REV3 INNOVATION CENTER
PROJECT UPDATE
THE RE
CON Written by: Nic Zito, Business Services Director, Choose DuPage & Rev3 Innovation Center
In August 2014, after many months of a space search, Rev3 found a home inside of Northern Illinois University in Naperville. NIU understood the vision, and the need to foster Innovation in the suburban region. Rev3 has around 10,000 square feet inside of NIU; the space combines open, collaborative workrooms with private offices. Coworking space allows freelancers and solopreneuers a space to create, network with peers, and the flexibility to work when they want to. Meeting rooms and offices give entrepreneurs and small companies space to get their work done in a more private environment.
IS THE BRIDGE “ REV3 THAT WILL HELP
INVENTORS AND ENTREPRENEURS BUILD, DESIGN AND LAUNCH THE TECHNOLOGY OF THE FUTURE.
”
- NIC ZITO, REV3
The first official Rev3 members moved into their offices in late November of 2014. In only a short 4 month time span, Rev3 now has 20 member companies: 30 individuals made up of 8 small startups, and other freelancers and solopreneuers. Rev3’s companies are representative of the following industries: translation services, digital marketing, financial technology, engineering hardware, Intellectual property law, technical writing, software application, fashion development, web developers, and mobile platform development. Rev3 provides not only physical space to entrepreneurs, but also the intangible benefits of a creative ecosystem combined with support services. Rev3 provides the startup services to our members to help early term successful launches. These services include; legal entity formation advice, tax implication and bookkeeping help, strategy consulting, fundraising avenues, and marketing and sales strategies. In the past year, Rev3 has held over 100 events, both for social peer networking and technical learning seminars. Monthly peer roundtables allow entrepreneurs to talk freely about their startup stories, our ‘Entreprenuer Anonymous’ series spotlights a beginning company and walks through startup criteria with the founder in
EVOLUTION NTINUES. “ COMPARED TO OTHER CO-WORKING AND
INNOVATION CENTERS, REV3 HAS CONSISTENTLY PROVIDED ME WITH THE MOST VALUE.
”
- CHRIS LAUGHLIN, REV3 MEMBER a supportive intimate environment. Our technical events have included hosting; a Google Developer Hackathon, WordPress Web Development, Internet of Things, Mobile Programming, Angel Investment Pitches, and engineering circuit board systems. Rev3 was launched as an initiative by Choose DuPage in October 2013 after performing a feasibility study finding some emerging sectors of industry within the county. The two sectors to be focused on are IT and manufacturing; fostering innovation and growth in both industries. Future plans for Rev3 will have a full complement of facilities to allow companies to prototype, build and assemble small and moderate scale volumes of products including a lab with: 3D printing, electronics and fabrication centers, metal and wood shop, and an assembly area. Rev3 is proud to be the first mixed-use business incubator in DuPage County. If you’d like to get involved or want more information please contact: | (630) 486-7948 | www.rev3dupage.com | info@rev3dupage.com
37 | CHOOSE DUPAGE
BOARD OF DIRECTORS
BOARD OF
DIRECTORS AAA CHICAGO Beth Mosher Director of Business Affairs www.aaa.com Advocate Good Samaritan Hospital David Fox President & CEO www.advocatehealth.com Argonne National Laboratory Dr. Peter Littlewood Director Norm Peterson Director of Government Relations www.anl.gov AT&T John Quinn Area Manager, External Affairs www.att.com Ball Horticultural Company Anna Caroline Ball President & CEO www.ballhort.com BMO Harris Commercial Banking Greg Sjullie Senior Vice President www.bmoharris.com Calamos Investments John Calamos CEO & Global Co-Chief Investment Officer www.calamos.com CBIZ Benefits & Insurance Services John Cook President www.cbiz.com CBRE, Inc. Diana Riekse Senior Vice President www.cbre.com CCS International, Inc. Clive Bransby Principal, Director Business Development & Marketing Ian Parr President www.ccsdifference.com Centerpoint Properties Ed Harrington Senior Vice President www.centerpoint-prop.com
Christopher B. Burke Engineering LTD. Christopher B. Burke President www.cbbel.com
DuPage County Board, District Five Tonia Khouri DuPage County Board Liaison www.dupageco.org
College of DuPage Dr. Robert L. Breuder President
DuPage Mayors and Managers Conference Rodney Craig Mayor of Hanover Park DuPage Mayor’s & Managers Liaison www.dmmc-cog.org
Thomas Glaser Vice President, Administrative Affairs www.cod.edu Comcast Business Mark Watson Director Anthony Signorella Government Affairs Manager Karen Dale Senior Marketing Manager www.business.comcast.com ComEd Ed Sitar External Affairs Manager www.comed.com/econdev Construction Industry Service Corporation (CISCO) Dan Allen Executive Director www.cisco.org Coriant Kyle Matthews Senior Vice President, Human Resources www.coriant.com
DuPage Regional Office of Education Dr. Darlene Ruscitti Regional Superintendent of Schools www.dupage.k12.il.us DuPage Workforce Board Marybeth Marshall Executive Director www.dupageworkforceboard.com Edward Hospital Pam Davis System CEO Ahmed Elganzouri Associate General Counsel Bill Kottmann System VP, Physician & Ambulatory Network Development President, Edward Health Ventures Vince Pryor System Executive VP Chief Financial Officer www.edward.org
Crowe Horwath Bert Nuehring Partner www.crowehorwath.com
Elmhurst College Lee Daniels Special Assistant to the President for Government & Community Relations www.elmhurst.edu
Dugan & Lopatka Hugh Elliott Principal www.duganlopatka.com
Elmhurst Memorial Healthcare Mary Lou Mastro President and CEO www.emhc.org
DuPage Convention & Visitors Bureau Beth Marchetti Executive Director www.discoverdupage.com
Grant Thornton Mark Sullivan CFE, CFI, CPP www.grantthornton.com
DuPage County Board Dan Cronin Chairman www.dupageco.org
Hamilton Partners Ron Lunt Partner www.hamiltonpartners.com
Ice Miller, LLP Michael Roth Partner Robert J. Schillerstrom Partner www.icemiller.com JLL Sean Reynolds Managing Director www.us.jll.com JP Morgan Chase Jamel Alikhan Division Manager & Senior Vice President Christopher Janc Executive Director, Market Manager www.jpmorganchase.com MACLYN Ray Kinney Partner www.maclyngroup.com Magnetrol Jeffrey Swallow Chairman & CEO www.magnetrol.com Marquette Companies Nick Ryan Managing Director www.marquettemanagement.com The McShane Companies Molly McShane Chief Investment Officer Conor Commercial Real Estate www.conorcommercial.com Mesirow Financial Richard S. Price Chairman & CEO Vincent A. Allegra Managing Director, Investment Advisory Chris Pohlman Managing Director, Investment Advisory www.mesirowfinancial.com
Molex Frank Steurer VP, Treasurer & Chief Financial Officer www.molex.com NAI Hiffman Jim Adler Executive Vice President, Office Services Mark Moran Executive Vice President, Industrial Services www.hiffman.com Navistar International Corporation Jim Spangler Vice President, Chief Communications Officer www.navistar.com Nicor Gas Tom Kallay Director, Regional Community Relations & Economic Development Margi Schiemann Corporate Community Relations & Economic Development www.nicorgas.com Northern Illinois University Dr. Rena Cotsones Associate Vice President for Engagement and Innovation Partnerships www.niu.edu Nyberg & Cassioppi Gerry Cassioppi Partner www.nycalaw.com
Pace Christine Rose Community Relations Representative, Government Affairs www.pacebus.com
MEMBER EMERITUS Lorenz Hartwig Founding Member
PNC Bank Dale Mancuso Executive Vice President Corporate & Institutional Banking www.pnc.com
PARTNERS
Rathje & Woodward, LLC Mark McAndrew Partner www.rathjewoodward.com
Michelle Hess Executive Director www.adventistglenoaks.com
Shorr Packaging Corp. Craig Funkhouser President & Chief Operating Officer www.shorr.com US Bank Marsha Cruzan Chicago Market President www.usbank.com Wintrust Financial Corporation Robert Hutchinson President, Glen Ellyn Bank & Trust www.glenellynbank.com WM. Krug Inc. William Krug President www.freedomcommons.com
Adventist Glen Oaks Hospital Bruce C. Christianson CEO
Delta Dental Bernie Glossy President & CEO David McLinden National Account Manager www.deltadental.com PowerForward DuPage Karyn M. McCarthy Executive Director www.powerforwarddupage.com
DUPAGE COUNTY MUNICIPALITIES ADDISON AURORA BARTLETT B ATAV I A BENSENVILLE BLOOMINGDALE BOLINGBROOK BURR RIDGE CAROL STREAM CLARENDON HILLS DARIEN DOWNERS GROVE ELK GROVE VILLAGE
ELMHURST GLENDALE HEIGHTS G L E N E L LY N H A N O V E R PA R K HINSDALE I TA S C A LEMONT LISLE LOMBARD NAPERVILLE OAK BROOK OAKBROOK TERRACE ROSELLE
SCHAUMBURG S T. C H A R L E S V I L L A PA R K WA R R E N V I L L E WAY N E WEST CHICAGO WESTMONT W H E AT O N WILLOWBROOK WINFIELD WOOD DALE WOODRIDGE
2525 Cabot Drive, Suite 303 | Lisle, IL 60532 | (630) 955-2090 www.choosedupage.com